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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Picking Zomato and Jio Financial Services for inclusion in the benchmark index is part of a larger trend where NSE opts for expensive stocks. Meanwhile, cheaper Chinese equities beckon investors.
Last week, the National Stock Exchange announced the latest round of changes to its flagship Nifty 50 index. Jio Financial Services and Zomato (now Eternal) will replace Bharat Petroleum Corp. Ltd (BPCL) and Britannia from 28 March 2025. The choice has generated a lot of noise and questions.
First, there is the nature of the new entrants. Jio Financial is a non-operating entity for all practical purposes with a volatile stock history in its short existence. Then there is Zomato—barely profitable and caught up in cash burn against well-funded rivals.
Moreover, both companies have a short trading history on the …
A market dominated by speculative activity is enriching sophisticated traders at the expense of retail investors, distorting exchanges and brokerages, and putting household savings at risk.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
